Will the 1950 building boom bring a hangover
Frank H Buck examines whether the 1950 building surge signals an economic boom or a looming downturn. He notes April housing starts at 126 000 and 895 000 total units for January to April, with optimism from Leon Keyserling about continued growth, while Congress and the president push easier mortgage financing via Fannie Mae to support housing and veterans loans.
MENTIONED IN THIS ARTICLE
Bureau of Labor Statistics
Leon J. Keyserling
Presit
Council of Economic Advis
Congress
Truman
Government finances housing boom as bust eyes loom
Economists warn the government may end up financing a housing surge with taxpayers on the hook if a downturn hits. Bank cautions on easy mortgages, deficits, and potential moratoriums. Builders push mass housing amid shortages. experts debate when a bust could hit, comparing risks to the 1920s.
MENTIONED IN THIS ARTICLE
National City Bank
Treasury
Fannie
Sam
Edwin G. Nourse
CEA
Milford Nooe Wins Local Honors In Arts And Sports
Milford Clark Nooe a 14 year old Enterprise carrier in High Point earned top marks for efficiency in three years of service. He won a Bloom Furniture Cartoon Contest first prize last Halloween and aims to study art and cartooning after finishing school. He swims at the Y pool and roots for the Hi-Toms, his favorite team. He is the son of Mrs. Bertha Nooe of 517 Walnut St and attends tenth grade.
MENTIONED IN THIS ARTICLE
Milford Clark Nooe
Enterprise
High Point
Milford
Bloom Furniture Store
Last Hallowe’en
Hi-Toms
Milford Is
Bertha Nooe
Walnut St
New Zealand Health Stamps Debut and Other Global Issues
A photogravure shows Bonnie Prince Charles with Princess Elizabeth on New Zealand Health stamps due for sale October 2, with proceeds aiding health camps. Finland marks Helsinki’s 400th anniversary with three new stamps while France issues Rabelais and Peguy designs. Romania highlights the Young Pioneers with a three-stamp set. Mexico releases an UPU set with color shifts due to engraving plate split.
MENTIONED IN THIS ARTICLE
New Zealand
Bonnie Prince Charles
England
Princess Elizabeth
Helsinki
Finland
Francois Rabelais
France
Gimbel
Rabelais
Alcofribas Nasser
Charles Peguy
Marne
Mexico
UPU
Rain After Drought Brings Storm to Savannah
In Savannah Georgia a Thursday night prayer meeting by a Primitive Baptist congregation sought rain to ease drought damage. A heavy storm arrived late the next day with hail strong winds and about 1.5 inches of rain. Lightning knocked out power lines. The National Geographic Society places Lhasa’s population around 50 000.
MENTIONED IN THIS ARTICLE
Savannah
Primitive Baptist Church
National Geographic Society
Lhasa
Tibet
Truman orders forces to halt Communist advance in Asia
President Truman orders sea and air units under the Seventh Fleet to cover and support Democratic troops in South Korea and deter invasion of Formosa. Defenses in the Philippines will be strengthened and increased aid provided to anti Communist forces in French Indochina.
MENTIONED IN THIS ARTICLE
Pacific
Truman
South Korea
Formosa
Philippines
Indo China
Seventh Fleet
C. P
Riley to Join Journalism Staff at UNC
John Robert Riley longtime feature editor of the Raleigh News and Observer is named associate professor of journalism at the University of North Carolina effective September 1. Chancellor House announced after Board approval as Coffin lauds Riley as a versatile state newspaper man and editor with Nashville Graphic and small town experience.
MENTIONED IN THIS ARTICLE
Chapel Hill
John Robert
Jack) Riley
Raleigh News and Observer
University of North Carolina
Robert B. House
Riley
News and Observer
O. J. Coffin
School of Journalism
Thomas J. Lassiter
Smithfield Herald
Roy Parker
Nashville Graphic
Dean Coffin
North Carolina
Durham
Asheboro Youth Dies Of Injuries In Accident
John Robert Capps aged 14 died in a local hospital from injuries after an automobile crash Thursday morning. Survived by mother Mrs. J R Capps and five sisters, two brothers, and grandmother. Funeral set for Monday at 3 PM at 21 East Academy Street with interment in Oak Lawn Cemetery.
MENTIONED IN THIS ARTICLE
Asheboro
John Robert Capps
J. R. Capps
Henry Maples
Hazel Duncan
Floyd Loveland
Fayetteville
Virginia Capps
Helen Capps
Gilbert Capps
Sandy Capps
A. J. Cox
East Academy Street
Oaklawn Cemetery
Pughs’ Funeral Home
Farmers Home Administration loan program reaches 140000 families
More than 140,000 families have completed payments on Farmers Home Administration loans, marking a milestone in rural housing support and loan management.
MENTIONED IN THIS ARTICLE
Farmers Home Administration
Wreckage Found of Mission Transport Plane Crash
Wreckage of a two engine DC-3 owned by the New Times mission of Chico California has been located 100 miles west of Maracaibo Venezuela. Fifteen Americans including seven missionaries five children and three crew members died in the crash in the Venezuelan jungle three weeks ago. Recovery of bodies is planned by Venezuela's government.
MENTIONED IN THIS ARTICLE
Balboa
Canal Zone
Venezuela
William H. Cleveland
U. S. Air Force
Colombia
Caribbean Air Command
Maracaibo
New Times Mission
Chico
Calif
Harrill Honored Named National 4-H Club Chairman
Raleigh July 1 L R Harrill of North Carolina State College has been named national chairman of the 4 H Club agents of the United States. He is a 4 H Club leader with the college extension service and will take office January 1.
MENTIONED IN THIS ARTICLE
Raleigh
L. R. Harrill
N. C. State College
United States
College Extension Service
Also Mentioned on This Page
Frank H. Buck
Central Press
Con
RFC Nown
FNMA
Fannie May
Federal National Mortgage Association
FHA
Posit Insurance Corporation
Levitt Companies
Long Island
Bohannon Organization
San Francisco
Kaiser Homes
Los Angeles
Sewell Avery
Montgomery Ward
Avery
Europe
Robert Taylor
Billy the Kid
John Hodiak
Arlene Dahl
Ambush
By Jack Brown
Philatelic Notes
Romania
The
Young Pioneers
Postmaster General's Department
Melbourne
U.S. Action
Philippine Islands
China
Pacific Ocean
Ichina
Japan
Coxinawa
UNC
Harrill
Ingrid Bergman
Rossellini
Main Ma
Paramount
Audie Murphy
Curtain Catt
Cactus Creek
Ronald Coleman
Ceasar
William Bendix
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